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Key Takeaways
- Overdrive Funding arranges construction equipment finance for all asset types — new, used, demo and auction.
- We compare 80+ lenders in one free application to find the most competitive rate.
- Low doc finance available up to $500,000 — no tax returns or BAS required for eligible ABN holders.
- Finance available for established operators, new ABNs and adverse credit.
- Our service is free — we're paid a "referral fee" by the lender after settlement.
Plant and equipment auctions are a major source of quality used construction machinery in Australia. Overdrive Funding arranges construction equipment finance for auction purchases with pre-approval before sale day.
Construction Auction Finance: How It Works
- Contact us before the auction with your target equipment
- We arrange a pre-approval
- Attend with confidence — finance is ready
- You win — we settle in 24 to 72 hours
- We pay the auction house directly
Construction Equipment Finance Structures
- Chattel mortgage — own the asset from day one, interest and depreciation tax-deductible for GST-registered businesses
- Finance lease — keep equipment off your balance sheet; lender retains ownership until residual is paid
- Commercial hire purchase — fixed repayments with ownership transferring at end of term
- Balloon/residual — reduce monthly repayments with a lump sum at end of term
- Operating lease — ideal for equipment with short replacement cycles
Finance Rates
Construction equipment finance rates in Australia start from around 6.1% per annum for established operators with clean credit financing new equipment. Used assets, new ABNs and adverse credit attract higher rates. Overdrive Funding compares 80+ lenders including specialist construction finance lenders to find the sharpest available rate for your business.
How to Apply
Fill in the form above or call Simon to get started. We compare 80+ lenders for your construction equipment finance in one application — no multiple credit enquiries, no cost to you. Most applications receive a decision within 24 to 48 hours.